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- AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings
Overview It’s a good choice for wage earner who can not be qualified with agency loan and do not want to provide varities of income documents. Program Highlights 7/6 ARM (5/1/5); 5/6 ARM (2/1/5) 1) Foreign national allowed; 2) No paystub / W-2 / tax return needed; 3) Gift funds allowed; 4) Loan amount up to $2.5M; 5) Down payment as low as 30%; 6) Min. FICO 700. What is Elite WVOE? Did your lender request updated paystubs again and again due to underwriting condition... -
- AAA Lendings Equity Solutions – AAA Lendings
Overview Easy Qualified Closed End Second. Loan Term: Fixed; 15 Yrs Balloon. Details 1) Standalone’s and Piggyback’s Second Loan are Both Available; 2) Primary and Investment Property are Available; 3) No Prepaid Penalty; 4) No Reserves Needed; 5) Range of Loan Amount: $75,001 – $450,000; 6) Max. CLTV: 85%. * Loan amount are rounded down to the nearest $100 Income Documentation Option1: Bank Statements – 12 Mths Personal & Business Bank Stmts ★P... -
- AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings
Overview It’s a good choice for wage earner who can not be qualified with agency loan and do not want to provide varities of income documents. Program Highlights 7/6 ARM (5/1/5); 5/6 ARM (2/1/5) 1) Foreign national allowed; 2) No paystub / W-2 / tax return needed; 3) Gift funds allowed; 4) Loan amount up to $2.5M; 5) Down payment as low as 30%; 6) Min. FICO 700. What is Elite WVOE? Did your lender request updated paystubs again and again due to underwriting condition... -
- AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings
Overview It’s a good choice for wage earner who can not be qualified with agency loan and do not want to provide varities of income documents. Program Highlights 7/6 ARM (5/1/5); 5/6 ARM (2/1/5) 1) Foreign national allowed; 2) No paystub / W-2 / tax return needed; 3) Gift funds allowed; 4) Loan amount up to $2.5M; 5) Down payment as low as 30%; 6) Min. FICO 700. What is Elite WVOE? Did your lender request updated paystubs again and again due to underwriting condition... -
- AAA Lendings Equity Solutions – AAA Lendings
Overview Easy Qualified Closed End Second. Loan Term: Fixed; 15 Yrs Balloon. Details 1) Standalone’s and Piggyback’s Second Loan are Both Available; 2) Primary and Investment Property are Available; 3) No Prepaid Penalty; 4) No Reserves Needed; 5) Range of Loan Amount: $75,001 – $450,000; 6) Max. CLTV: 85%. * Loan amount are rounded down to the nearest $100 Income Documentation Option1: Bank Statements – 12 Mths Personal & Business Bank Stmts ★P... -
- AAA Lendings HELOC – AAA Lendings
Overview Standalone & Piggyback. The HELOC program is Home Equity Line Of Credit. Index + Margin. 30 Years term, 10 Yrs I/O Draw Period followed by 20 Years Amortization. * Index: Prime Mortgage Rate floated with the market. Margin: Subject to loan scenarios, Margin Min. 1%, Fixed. Lifetime Max Rate: 18%. Lifetime Rate Floor: 2.5%. Program Highlights 1) No Prepayment Penalty; 2) No Annual Fee; 3) Primary & Second home are eligible; 4) 1 Unit & Up to 85% HCL... -
- AAA Lendings HELOC – AAA Lendings
Overview Standalone & Piggyback. The HELOC program is Home Equity Line Of Credit. Index + Margin. 30 Years term, 10 Yrs I/O Draw Period followed by 20 Years Amortization. * Index: Prime Mortgage Rate floated with the market. Margin: Subject to loan scenarios, Margin Min. 1%, Fixed. Lifetime Max Rate: 18%. Lifetime Rate Floor: 2.5%. Program Highlights 1) No Prepayment Penalty; 2) No Annual Fee; 3) Primary & Second home are eligible; 4) 1 Unit & Up to 85% HCL... -
- AAA Lendings Temporary Buydown – AAA Lendings
Overview A buydown is a way for a borrower to obtain a lower interest rate by paying discount points at closing. In the case of discount points, the interest rate is lower for the loan term. * For Conforming & High Balance Loan Loan Scenario The First Year Rate is 4.375% · 2-1 Buydown · 30 Years Fixed · Note Rate 6.375% (Note rate quotes as of 11/21/2022, subject to market change) · Loan Amount $500,000 * Max. seller credit 2.5% to cover the cost (including buydown rate) ... -
- AAA Lendings Second Loan – AAA Lendings
Overview Standalone & Piggyback. Second Loan Only is acceptable. * Subject property should have a first mortgage. Program Highlights 15 Years Term. Other term options（5 yrs, 10yrs, 20yrs, 30yrs). 1) No Prepayment Penalty; 2) 1 Unit & Up to 85% CLTV; 3) Min. FICO 680; 4) Max. Loan Amount $250,000; 5) Primary & Second home are eligible. Credit Guideline (1) If there are past due unpaid Federal income taxes, the borrower should provide installment agreement with ... -
- AAA Lendings Enhanced R series – Elite True Stated Income – AAA Lendings
Overview Use Borrower’s 6 months deposits of monthly income to support the stated income in 1003. * Foreign National or Cash Out is Not Available Program Highlights 7/6 ARM (5/1/5); 5/6 ARM (2/1/5) 1) No P&L Needed; 2) No WVOE Needed; 3) No Tax Returns Needed; 4) No 4506-T Needed; 5) Gift funds allowed; 6) Loan amount up to $2.5M; 7) Purchase & R/T Refinance are available. What is Elite True Stated Income? • Do you know how to use assets only to qualify for your ho... -
- AAA Lendings Portfolio Program – AAA Lendings
Overview Portfolio Bank Statement Portfolio DSCR Portfolio Foreign National DSCR * Retail Only Details 1) 5/6 ARM 30 Day Average SOFR (5/1/5); 2) Buydown ratio under par 1:2; 3) Range of Loan Amount $500,000 – $5,000,000. * Buyup ratio over par unacceptable Portfolio Bank Statement 1) UW Fee $1495 & Processsing Fee $845; 2) Trust/Entity Review Fee $300, if applicable; 3) Bank Statement Income Max. LTV 65%; 4) Bank Statement – Interest Only Max. LTV 60%; 5) Min... -
- AAA Lendings Enhanced R series – Elite WVOE – AAA Lendings
Overview It’s a good choice for wage earner who can not be qualified with agency loan and do not want to provide varities of income documents. Program Highlights 7/6 ARM (5/1/5); 5/6 ARM (2/1/5) 1) Foreign national allowed; 2) No paystub / W-2 / tax return needed; 3) Gift funds allowed; 4) Loan amount up to $2.5M; 5) Down payment as low as 30%; 6) Min. FICO 700. What is Elite WVOE? Did your lender request updated paystubs again and again due to underwriting condition...